DAZN seeks cash to help secure future

[jimisawesome]

Finally, AJ vs Ruiz did those numbers and they had no reason to lie. The fight was the biggest and most anticipated fight in boxing since Floyd Mayweather fought Conor McGregor.

I was going to write this nice long response but what is the point when dude writes this? There is no point in attempting a conversation with someone this far outside the grasps of reality.

No one in the US gives a flying ---- about AJ.

[Fanofreason]

That's not an accurate statement at all. It entirely depends on your business, of course. Look at Amazon. Jeff Bezos got criticized for years and years by every "expert" business blogger out there about how Amazon remained unprofitable. According to them no business could operate in the red or with such meager profits for as long as Amazon did. Investors would bail on them. Amazon was "supposed" to be out of business years ago, but where are they now? How wealthy are the investors who bought Amazon stock in 1998 and held onto it? Bezos' plan, of course, wasn't focused on short-term profits (not that investors will wait forever though), but rather MARKET SHARE. The company was focused for its first two decades on a growth strategy that prioritized expanding its market share of online retail, web services (AWS), media and more. Look at it now. Its the most valuable company in the world and Bezos is the richest man in the world. Why? The long view.

https://theatlas.com/i/atlas_BJjuqbWLz.png

Amazon took 4 years to hit profitability.

Dazn is in year 5 with $3.8 Billion of debt on the books. Big difference.

[NachoMan]

Amazon took 4 years to hit profitability.

Dazn is in year 5 with $3.8 Billion of debt on the books. Big difference.

You're missing the point by trying to be right. The point is summarized by long-term growth over short-term profits. I'm not really defending DAZN here, just arguing against your made-up 4 year profitability window.

[Ritz Kola]

You're missing the point by trying to be right. The point is summarized by long-term growth over short-term profits. I'm not really defending DAZN here, just arguing against your made-up 4 year profitability window.

The idea isn't as made up as you'd like to think. In America, statistics for new businesses are most don't make 5 years. The guy is just operating along those stats. Men lie, women lie, numbers don't.

[jimisawesome]

You're missing the point by trying to be right. The point is summarized by long-term growth over short-term profits. I'm not really defending DAZN here, just arguing against your made-up 4 year profitability window.

Amazon has been cash-flow positive all but 3 years it has been a public company. Those 3 years are 99-01 and they where down 90, 130 and 120 million. By 2003 they more than made up their entire collective shortfall. Amazon once public did not have to go back and have a secondary and sell equity to raise cash. The only time investors ever had a worry about Amazon was during the .com bust and it was the market segement that Amazon was in not the company that was the issue.


DAZN is not anywhere close to being cash flow positive. They have been on a roadshow since Sept/Oct trying to sell equity with basically no bites. DAZN has seen no growth and in fact contraction in its US subscriber base before COVID hit.

There is no realistic path for DAZNUSA to have subscriber growth even absent COVID. Last May they did about 600k for the Canelo Jacobs fight. Yet no announcement of hitting a million and yes this is something they would shout from the rooftops especially when trying to sell equity.

They added a 100 million dollar MLB wrap around show which did nothing for their subscriber numbers. They had the biggest viral moment in the sport with the Ruiz win. More nothing. What league will even let them even put in a bid at this point? How does it even make sense for the NFL or NBA not to just keep the rights in house and pay someone else to do the backend. NFL.com and NBA.com get at least 100x the vist as DAZN does.

[Inspired]

Everything else you said is pointless. Five million is better than UFC. But since you think it's horrible then DAZN can't get a quarter of that. Which is my original point. There isn't millions of secret boxing fans who are just waiting on a cheaper option to watch fights. The market is not there.

California ALONE has the 7th BIGGEST economy in the WORLD. Nobody cares about the rest of the world when it comes to boxing. America is what matters. Inoue sells out & 20 million people watch him on TV in Japan. Yet he still had to come to America in order to make some real money & try to become a global star.

Yes america matters but it's the most competitive market in the world. Dazn's plan is to break into emerging markets or untapped territories.
Everything 'else' i wrote was especially relevant to that point.

What you've said is what I already know and base my point off of. Dazn's plan is to effectively showcase the US (as the stage) to the rest of the world.

I've proven here that they're making money (or were before the virus). They've gone from 4m to 8m subs, MOST of them outside the US. That brings in under $1b a year.

Their expenses are less than that for sure because their rights fees are not for the country of origin eg if they buy rights to Serie A, it isnt to broadcast in Germany, i t's to broadcast in other territories, so they only pay a fraction to other broadcasters.

Also, you seem to want to bury your head in the sand when it comes to Dazn's actual purpose...their primary purpose was to provide sports data to perform group/Opta sports which was the parent company.
The parent company separated but merged into a much larger company...effectively dazn have become the data providers for Vista Equity Partners/STATS.

https://sbcnews.co.uk/featurednews/2...rm-with-stats/

Basically Dazn is part of a much bigger structure, involved heavily in the sports betting industry.
They've got revenue streams you clearly don't know exist.

Blavatnik seeking outside investment to fund expansion into new territories, had nothing to do with established territories.

The other bit of news, was fake news. They claimed dazn cant' pay the rights fees, when in reality Eurosport was cancelled their contract with Bundesliga which in turn meant dazn who had a direct deal with eurosport, were not paying eurosport. Dazn then went directly to bundesliga and got the rights for the remainder of the contract.

[Inspired]

Dazn should absolutely have extended the subscription for the duration of this time period. It's only 3 months and a bit of goodwill would go a long way. it's a bad look for them to charge anyway.

You guys should take it up with them via twitter...surely they'd respond?

[Thuglife Nelo]

You're missing the point by trying to be right. The point is summarized by long-term growth over short-term profits. I'm not really defending DAZN here, just arguing against your made-up 4 year profitability window.

Why are you guys entertaining all this fabrication from the PBC kids. Where is this 3.2billion debt cited. It’s been 2 months lockdown and all of sudden some rogue article just regurgitates what was said last year and DAZN reported and surprised industry how much it paid off its 2008 debt. At the same time DAZN lost the bid to BT Sports with their 900 million bid. If a company is hemorrhaging money who in the hell bids 900 million...

[NachoMan]

Dazn should absolutely have extended the subscription for the duration of this time period. It's only 3 months and a bit of goodwill would go a long way. it's a bad look for them to charge anyway.

You guys should take it up with them via twitter...surely they'd respond?

Yeah, for sure. I’m going to do that.

[BangEM]

I was going to write this nice long response but what is the point when dude writes this? There is no point in attempting a conversation with someone this far outside the grasps of reality.

No one in the US gives a flying ---- about AJ.

Muppet, you brought up the AJ vs Ruiz fight and lied that they fabricated the numbers - not me. All I did was correct the lies.

So shut yer gob.